Asymptotic nash equilibria in discounted stochastic games of resource extraction

• Authors: Łukasz Balbus
• Languages of publication: EN

Abstracts

EN

A class of two person nonzero-sum nonsymmetric stochastic games of capital accumulation/resource extraction is considered. It is shown that the Nash equilibrium in the discounted games has a limit when the discount factor tends to 1. Moreover, this limit is an epsilon-equilibrium in the discounted game with sufficiently large discount factor.

Keywords

EN

Nonzero-sum stochastic games; capital accumulation problems; re-source extraction games; Nash equilibrium

• Publisher: Katedra Ekonometrii i Statystyki, Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
• Journal: Metody Ilościowe w Badaniach Ekonomicznych
• Year: 2010
• Volume: 11
• Issue: 1
• Pages: 167-88

Dates

published

2013

Contributors

author

Łukasz Balbus

• Institute of Mathematics and Computer Sciences, Wroclaw University of Technology

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